Independent Advisor Alliance Lowers Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Independent Advisor Alliance lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,075 shares of the company’s stock after selling 1,235 shares during the period. Independent Advisor Alliance’s holdings in Tyson Foods were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Comerica Bank raised its position in Tyson Foods by 23.1% during the first quarter. Comerica Bank now owns 74,665 shares of the company’s stock valued at $4,385,000 after purchasing an additional 14,033 shares in the last quarter. Swedbank AB bought a new position in shares of Tyson Foods during the 1st quarter valued at about $8,255,000. Cetera Investment Advisers raised its holdings in shares of Tyson Foods by 639.4% during the 1st quarter. Cetera Investment Advisers now owns 92,815 shares of the company’s stock valued at $5,451,000 after buying an additional 80,262 shares in the last quarter. Cetera Advisors LLC lifted its position in Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock worth $1,121,000 after buying an additional 11,425 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Tyson Foods by 1.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,994 shares of the company’s stock worth $3,270,000 after buying an additional 975 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TSN shares. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Bank of America lowered their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Piper Sandler upped their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Stephens increased their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Stock Up 1.0 %

NYSE TSN opened at $64.45 on Friday. The business’s 50-day moving average is $60.32 and its 200 day moving average is $59.99. The stock has a market capitalization of $22.94 billion, a PE ratio of 28.64, a PEG ratio of 0.96 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods, Inc. has a 1 year low of $46.51 and a 1 year high of $66.88.

Insider Transactions at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. This represents a 35.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by insiders.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.